so peru and chile is doing fine in brazil is a slowdown, but will make inconsistent investments in mexico also rethink is doing quite well. so our neighbors to the south to a better job of fiscal deficit, better job of monetary policy and create jobs out there. so we should help as much as we can on the trip problem happening. >> implicit in a lot of this -- a lot of which are seen as one actor wrestle the united states associate is so let's turn inward. how worried are you and how much are you planning for the fiscal cliff? >> that's a big deal to win the euro zone crisis happens in the debt ceiling crisis, we spend 50 to $100 million because of the complexity in global financial markets if you had a real failure. the fiscal cliff isn't quite that because it's more predictable, but we have a fiscal cliff, command center and all that kind of stuff going through to understand all of it. will be prepared. jpmorgan survived the fiscal cliff and i just think it's terrible policy to allow us to get close. the reason i think if that is because i read the papers and someone said it's not that ba